EUR/AUD – 1H – SELL

The currency pair Euro/Australian Dollar (EUR/AUD) jumps from the bullish trendline down.

A bearish descent down to the next support level at 1.78103 is likely expected.

Caution: A possible change in the direction of resistance at 1.79771 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.79771 – 1.79081 – 1.79344 – 1.78103 – 1.78008 – 1.77411 —
1.78966 – 1.78610 —
56.839373909424 – 37.893059351786 —
– —
1.79771 – 1764086400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – – – – – – – – –